FatPipe, Inc. (FATN) Reports Q2 FY2027 Results: 22% Y-o-Y Q2 Revenue Growth and 24.1% Adjusted EBITDA Margin

Quarterly net income turned positive, reaching $1.2 million compared with a $0.04 million loss a year earlier.

Rhea-AI Summary

FatPipe (NASDAQ: FATN) reported second-quarter fiscal 2027 revenue of $4.83 million, up from the same quarter a year earlier. Revenue rose 22% from $3.96 million for the period ended September 30, 2026. Net income reached $1.2 million, compared with a $0.04 million loss in Q2 fiscal 2026. Diluted earnings per share increased to $0.09 from $0.00.

Adjusted EBITDA, an adjusted earnings measure before interest, taxes, depreciation and amortization, was $1.2 million, versus $0.7 million a year earlier, with a margin of approximately 24.1%. Revenue growth was driven by increased recurring billings, customer renewals and new customer wins. FatPipe said it remains focused on expanding channel partnerships and its customer base, and plans to expand its sales organization and strengthen its partner ecosystem.

6 points · 0 major

PositiveiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 0 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointQ2 fiscal 2027 revenue rose 22% year over year to $4.83 million from $3.96 million.
• Moderate pointQ2 fiscal 2027 net income reached $1.2 million, versus a $0.04 million loss a year earlier.
• Moderate pointQ2 fiscal 2027 adjusted EBITDA rose to $1.2 million from $0.7 million, with approximately 24.1% margin.
• Minor pointDiluted earnings per share increased to $0.09 from $0.00 in Q2 fiscal 2026.
• Minor pointRecurring billings, customer renewals and new customer wins drove quarterly revenue growth.
• Minor point. Forward-looking: it has not happened yet and may not happen.Expansion plans include growing the customer base, expanding channel partnerships and the sales organization.

Negative

• None.

Argus 15 min delay 3 alerts

-0.98% vs previous close $5.05 last price 0.7x rel. volume Open Argus

Details

Market Reaction – FATN

$4.93 – $5.46 Day Range

$71.35M Mkt Cap at Last Price

On Nov 4, the day this news came out, the latest delayed price for FATN is 0.98% below the previous close. Our momentum scanner has recorded 3 alerts for this stock so far that day. The latest delayed price is $5.05.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

SALT LAKE CITY, Nov. 4, 2026 /PRNewswire/ -- FatPipe, Inc. (NASDAQ: FATN) ("FatPipe" or the "Company"), a pioneer and multiple patents holder in enterprise-class, application-aware, secure software-defined wide area network ("SD-WAN") and single-stack cybersecurity solutions, today announced its second quarter fiscal year 2027 results for the period ended September 30, 2026.

Q2 Highlights

• Q2 2027 revenue was $4.83M, representing 22% growth compared to $3.96M in Q2 2026
• Q2 2027 net income was $1.2M compared to -$0.04M in Q2 2026
• Diluted net income per share was $0.09, compared to $0.00 in Q2 2026
• Adjusted EBITDA for Q2 2027 was $1.2 million, representing an Adjusted EBITDA margin of approximately 24.1%, compared to $0.7 million in Q2 2026

Financial Performance

Revenue growth during the quarter was driven by increased recurring billings, customer renewals, and new customer wins. FatPipe continued to see strong demand from customers seeking secure, high-performance alternatives to legacy networking and security vendors. 

Management Commentary

"We are pleased with our continued revenue growth and profitability this quarter, reflecting the strength of our business model and continued execution across the organization," said Dr. Ragula Bhaskar, CEO of FatPipe. "We remain focused on expanding our channel partnerships, growing our customer base, and building on the momentum across our SD-WAN, cybersecurity, and network monitoring offerings."

"Our second quarter results reflect continued progress in growing our recurring revenue base," said Kanishka Ragula, CFO of FatPipe. "With revenue increasing 22% year-over-year and an Adjusted EBITDA margin of 24.1%, we continue to demonstrate our ability to deliver profitable growth while investing in strategic initiatives. We believe our financial position provides a strong foundation to expand our sales organization, strengthen our partner ecosystem, and pursue additional growth opportunities."

Forward-Looking Statements

Certain statements contained in this press release, may constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue," or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on management's current expectations and are inherently subject to various risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify. These risks and uncertainties include, but are not limited to, those described in FatPipe's filings with the U.S. Securities and Exchange Commission. Except as required by law, FatPipe expressly disclaims a duty to provide updates to forward-looking statements, whether as a result of new information, future events or other occurrences.

Forward-looking statements speak only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

About FatPipe, Inc.

FatPipe pioneered the concept of software-defined wide area networking (SD-WAN) and hybrid WANs that eliminate the need for hardware and software or cooperation from ISPs and allows companies and service providers to control multi-link network traffic. FatPipe introduced a full single stack cybersecurity solution designed to be sold to the same customer profile, and buyer as FatPipe. FatPipe currently has 13 U.S. patents related to multipath, software-defined networking. FatPipe products are sold by 200+ resellers worldwide.

For more information, please visit www.fatpipeinc.com.

Follow us on X @FatPipe_Inc.

Company Contact Info
Vikrant Ragula
Vice President of Investor Relations
+1 801.683-5656 x 1140
Investor.ir@fatpipeinc.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/fatpipe-inc-fatn-reports-q2-fy2027-results-22-y-o-y-q2-revenue-growth-and-24-1-adjusted-ebitda-margin-302929458.html

SOURCE FatPipe Networks

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did FatPipe's revenue grow in Q2 fiscal 2027?

FatPipe's Q2 fiscal 2027 revenue increased 22% year over year to $4.83 million, compared with $3.96 million in Q2 fiscal 2026. The quarter ended September 30, 2026.

Was FatPipe profitable in Q2 fiscal 2027?

FatPipe reported $1.2 million in net income in Q2 fiscal 2027, compared with a $0.04 million loss a year earlier. Diluted earnings per share were $0.09, versus $0.00 in Q2 fiscal 2026.